July 5th, 2010
By Bob Unruh, World Net Daily
A new analysis of the U.S. economy shows that since 2007, the private sector has lost 10.5 million jobs while the public sector has added 720,000 jobs, creating a “death spiral” for the nation’s economy.
The study comes from The Free Enterprise Nation, a nonpartisan national membership/advocacy organization for individuals and businesses that make up the private sector.
The analysis was done using statistics about employment data from the U.S. Bureau of Labor Statistics.
The recession of the last two years exacerbated the larger problem that already was in place, it revealed.
“Over the 10-year period between March 2000 and March 2010, the private sector lost over three million jobs, while the public sector gained nearly two million jobs,” the analysis concludes.